SEC chair wants private market investments available for Americans' 401(k) plans

(SEC) Paul Atkins said Tuesday that the Trump administration’s plan to open 401(k) retirement accounts to private market investments would give ordinary Americans safe access to opportunities that are currently restricted. Atkins said that the SEC will work with the Labor Department to broaden access to investments in private funds for ordinary investors who currently wouldn't meet regulatory thresholds that would provide them access. "Individual investors need to be diversified and the private markets have developed so much because there's a lot of capital available in the private markets," Atkins...